Sunset Strip > Trading Day Wrap From Blue Ocean 20170418
Local market ran into a brick wall with profit taking in almost every sector as global investors jumped out ahead of currency devaluation as commodities continue to fall. Substantial number of large caps had big lines crossed after the close…always a good sign that there are big global portfolio transitions in play…turnover in the past week has been higher than pre-school holiday period…nearly double previous school holiday periods!!! Miners got smacked on commodities, Banks on currency trade and Telcos on TPM raising.
Click here for the full report...


Never miss an update
  
    Enjoy this wire? Hit the ‘like’ button to let us know. 
    Stay up to date with my current content by 
    following me below and you’ll be notified every time I post a wire
  
  Over 30 years’ experience in the finance/tech industry.  Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and CEO at Deep Data Analytics (www.deepdataanalytics.com.au) which is an integrated data analytics driven investment strategy service provider.
    4 topics
9 stocks mentioned
Comments
Comments
      Sign In or Join Free to comment
    
  most popular
Equities
Buy Hold Sell: 5 ASX stayers built to go the distance
        Livewire Markets
      
  Investment Theme
When dumb money beats smart money, it’s time to worry
        Livewire Markets